If you think all lawyers are rich, you’d be wrong. Money Inc. reports in 2016 that the average salary for lawyers in the United States is $133,000 per year. The average for Canadian lawyers is less than that. But there are a group of lawyers worldwide who have made a fortune from practicing law, not from investments or business activities, but just advising and representing clients. The list includes a few well-known names and several who fly under the radar.
1. ALAN DERSHOWITZ $25 million
A graduate of Harvard Law School in 1962, Dershowitz became a faculty member at Harvard in 1964 and a full professor in 1967. While working as a professor he gained a stellar reputation as a criminal lawyer, representing celebrities such as heavyweight champion Mike Tyson, Queen of Mean and New York hotelier Leona Helmsley, OJ Simpson, Patty Hearst, televangelist Jim Bakker, and Claus Van Bulow, acquitted of murdering his wife. He has also written more than a dozen books.
2. MARK GERAGOS $25 million
Mark Geragos is a “celebrity” lawyer who has acted for Michael Jackson in his sexual molestation trial; Winona Ryder for shoplifting; California politician, Gary Condit, who was suspected of murdering his Washington, DC intern; Susan McDougal , partner of the Clinton’s involved in the Whitewater scandal; Scott Ferguson, convicted of murdering his wife Lacey; and Chris Brown, who pleaded guilty to the assault of his girlfriend Rhianna. Named one of the 100 Most Influential Attorneys in California, he also holds the record for one of the top ten jury verdicts in California for a 2008 award of more than $38 million against a pharmaceutical company
3. WILLIAM LERACH $900 Million
William Lerach specialized in corporate law, specifically private securities class action lawsuits, the largest being the $7.12 billion he obtained as the lead attorney in the action against Enron. Nicknamed the “King of Pain”, he was reputed to be one of the most feared lawyers in the US during his 30-year career. In 2010 Pulitzer Prize winning journalists, Patrick Dillon and Carl Cannon wrote a book about Lerach called “Circle of Greed: The Spectacular Rise and Fall of the Lawyer Who Brought Corporate America to its Knees”. He no longer practices law after pleading guilty in 2007 for obstruction of justice, related to a kickback scheme, and serving a two-year prison sentence. He was disbarred in California in 2009.
Lawdiva aka Georgialee Lang